South Australia Real Estate Report December 2010

Raine & Horne South Australia CEO, Kevin Magee answers the top real estate questions every month including "HOW'S THE MARKET?" in South Australia and "WHAT DOES THAT MEAN FOR ME?" in the process identifying real estate opportunities, clarifying trends and providing property market tips for Raine & Horne members, Buyers, Sellers, Investors (Landlords) & Tenants. For ongoing & concise property updates, media scoops and tips follow Kevin on Twitter @rhSA_CEO

Please note rhSA reserves the right to remove any comment that is derogatory to other readers or adds no value to the conversation.

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[km4242]

Hi - the rental squeeze shows no signs of abating for several years. In '09 over 270K people came to Australia (16. 5K+ came to SA alone) + we had over 300K births over same 12month period + our death rate reduced to all time low of 6/1000. As such we’ve simultaneously had biggest migration boom in numbers, highest number of births & lowest death rate in Oz history, effectively a ‘perfect storm’ for population + economic growth, all adding to the ‘squeeze.’ It'll take something drastic to change

[squizznut]

Thanks for the advice.. where do you get your stats from?

Nice video too!

[km4242]

@squizznut THANKS for watching & the comments. RE INFO SOURCE: As CEO of Raine & Horne South Australia I review approx 20 reports monthly from sources such as the Reserve Bank of Australia, RPData, PDSpricefinder, NRAS, NAB, Westpac, Commsec, Australian Bureau of Statistics, nmdData, Real Estate Institute of SA and Raine & Horne SA's 40 office network. I also have a lot of coffees with members of other groups around Adelaide & country SA where the market's discussed. Watch Jan vid 4 info tip!

[mrlocspoc]

Nice one Kevin, love the visual aids and the consumer tips!

I've got a property in Ridleyton that I'm renovating, looking to sub-divide and build 2 town houses over the next 12 months or so, once the renovations are complete how do I figure out if it's better to sell or to keep the property and rent it out?

[km4242]

@mrlocspoc - Hi Loc, Ridleyton is an excellent area that should see exponential capital growth ahead in the next few years due to its close CBD proximity (went up 7.4% in last 12mths). However SA rental market is tight & getting tighter, so your options are good. I suggest talking to Mark McNabe of rhFinancial (I use him). He's a nationally leading exponent of finance info esp. re investment; then have agent do $ case for each option & finally run it by your accountant. I'll email you Mark's No.

[mrlocspoc]

@km4242 thanks kevin, it's on my list of things to do in the new year!

[squizznut]

@km4242 Thanks for the reply...will keep an eye out for the next one.

[FourAceLab]

I'm thinking of doing the same as mrlocspoc but in Campbelltown...how long will the rental squeeze last do you think??

cheers